Bitcoin Trades At 40% Discount As ‘Triple Put’ Unfolds: Hedge Fund Founder

Bitcoin is changing hands at prices almost 40% below its modeled “energy value,” yet an unusual confluence of technical, fundamental and policy signals suggests the market may be turning, according to Charles Edwards, founder of the quantitative crypto hedge fund Capriole Investments. In his latest newsletter, Edwards argues that a newly-formed “Triple Put”—simultaneous backstops from…

How To Price Bitcoin? BlackRock Exec Explains

Bitcoin should be valued as “an uncorrelated asset that benefits when the world gets messier,” BlackRock’s US Head of Equity ETFs Jay Jacobs told CNBC in an interview on Thursday. “Crypto over the long run is decoupled from US tech stocks,” Jacobs said, stressing that short-term market stress can mask the difference but that “the…